In getting the much-needed funds for your business, you also need to know funding options that can be explored during business downtimes. These alternatives can help with the much-needed funds when your regular source of income is not available. Read here time tested secrets to financing your small business
You can also read here part 1
Three key sources to consider are:
1. Small business loans with convenient interests:
2. Corporate grants:
Watch out for partnerships in your supply chain that help uphold private ventures.
3.Family and friends:
An old backup for entrepreneurs that still works is getting relatives to put resources into your business. To protect your personal relationships, please have very transparent conversations with expectations and repayment details clearly spelled out. You may want to even have a document that is signed off by both parties.
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